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Old 09-06-2014, 07:38 AM
 
Location: in the miseries
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An article in the Daily Finance by Dan Caplinger states that
Future retirees will receive lower benefits than we do (over 60)
How will that affect your retirement?
Luckily I'm over 60.
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Old 09-06-2014, 07:56 AM
 
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it is so vague it may not be even worth discussing at this stage. just another speculation. my opinion is only thing we will end up seeing is the full retirement age increase and payroll taxes go up. some options like file and suspend or restricted application may vanish as well.
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Old 09-06-2014, 11:32 AM
 
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Another reason to save even more.
Because what ever you DO have the government will either try to take half of it, or say you don't need as much as we promised you.
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Old 09-06-2014, 12:36 PM
 
Location: Baltimore, MD
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Quote:
Originally Posted by mathjak107 View Post
it is so vague it may not be even worth discussing at this stage. just another speculation. my opinion is only thing we will end up seeing is the full retirement age increase and payroll taxes go up. some options like file and suspend or restricted application may vanish as well.
Nothing vague or speculative about it. Those who were born in 1954 are the last cohort with a full retirement age of 66. Folks born in 1954 are or will be 60 years old this year.
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Old 09-06-2014, 12:47 PM
 
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not sure what the lower benefits are about the article is referring to . no link here
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Old 09-06-2014, 01:18 PM
 
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Quote:
Nothing vague or speculative about it. Those who were born in 1954 are the last cohort with a full retirement age of 66. Folks born in 1954 are or will be 60 years old this year.
Which has what to do with lower benefits?
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Old 09-06-2014, 02:44 PM
 
Location: in the miseries
3,302 posts, read 3,585,481 times
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Quote:
Originally Posted by mathjak107 View Post
not sure what the lower benefits are about the article is referring to . no link here
Don't know how to do a link.
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Old 09-06-2014, 02:49 PM
 
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just highlight the article address, right click on copy. paste in the thread here.

we have no clue what the article or you are trying to say without it.
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Old 09-06-2014, 03:05 PM
 
Location: SoCal desert
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Here's the link:

Under 60? Your Social Security Checks Will Be Smaller Than You Think
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Old 09-06-2014, 03:10 PM
 
71,831 posts, read 71,919,037 times
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nothing new here.

this is how it always worked since they moved groups further out by age. if you retire early there is a bigger penalty since you have a later full retirement date.

those that retired before my group at 65 had less of a penalty than we do if they retired early at 62.


this really isn't anything different than it has been all along.


http://www.ssa.gov/retire2/retirechart.htm

.
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